Pirate’s Treasure
Five pirates steal a treasure which contains 100 gold coins. The rules for splitting the treasure among the pirates
- The oldest pirate proposes how to split the money.
- Everybody votes, including the proposer.
- If there are more than 50% negative votes, the proposer gets thrown in the water and the procedure repeats.
Given that the pirates are very smart and bloodthirsty (if they can kill another without losing money, they will do it), how should the oldest pirate suggest to split the money among the five of the in order to maximize his profit?